Violation Tracker Individual Record

Company: 
Morgan Keegan & Co.
Current Parent Company: 
Raymond James Financial
Penalty: 
$100,000
Year: 
2005
Date: 
November 8, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Morgan Keegan agreed to pay an Administrative Assessment of $30,000 and $70,000 in costs in settlement of allegations it failed to exercise reasonable supervision of several of its Agents who were also alleged to have acted with deceit in the sale of securities.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Alabama Securities Commission
Civil or Criminal Case: 
civil
Facility State: 
Alabama
HQ Country of Parent: 
USA
HQ State of Parent: 
Florida
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.